The characteristics of a totten trust include:

A) it is a joint bank account opened by the settlor of the trust.
B) it is tentative.
C) transfer of ownership is complete only on the depositor's death.
D) These are all characteristics of a totten trust.

Totten Trust

is a type of revocable trust created by depositing funds into a bank account with a designated beneficiary upon the account holder's death.

Settlor

The person who creates a trust by transferring assets into the trust for the benefit of the trust's beneficiaries.

Joint Bank Account

A bank account held by two or more individuals, where each account holder has equal access and rights to the funds.